Landlord's and Tenant's Rights. If a material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred and fifty (150) days after the Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Tenant does not so timely terminate this Lease, then (subject to Section 17(c)) Landlord shall repair the Building or the Premises, as the case may be, as provided below, and Rent for the portion of the Premises rendered unusable for Tenant's purposes by the damage or repair shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless a Tenant Parry caused such damage, in which case, Tenant shall continue to pay Rent without abatement.
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Samples: Lease Agreement (Paypal Inc)
Landlord's and Tenant's Rights. If a material portion of the Premises or the common areas of the Building is damaged by Casualty such in a manner that prevents Tenant is prevented from conducting its business in the premises Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred and fifty (150) days after 270 days, or, in the Casualtyevent Tenant has timely delivered a Reminder Notice, then within 180 days, Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) 30 days after the Damage Notice has been delivered to Tenant. If Tenant does not so timely terminate this Lease, then (subject to Section 17(c13(c)) Landlord shall repair the Building or damage referred to in the Premises, as the case may beDamage Notice, as provided below, and Net Rent for the any portion of the Premises rendered unusable for Tenant's purposes untenantable by the damage or repair shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless a Tenant Parry caused such damage, in which case, Tenant shall continue to pay Rent without abatement.
Appears in 1 contract
Samples: Office Lease (Adesso Healthcare Technology Services Inc)
Landlord's and Tenant's Rights. If a material portion of the ------------------------------ Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the premises Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred and fifty (150) 240 days after the Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) 30 days after the Damage Notice has been delivered to Tenant. If Tenant does not so timely terminate this Lease, then (subject to Section 17(c14.(c)) Landlord shall repair the Building or the Premises, as the case may be, as provided below, and Rent for the portion of the Premises rendered unusable for Tenant's purposes untenantable by the damage or repair shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless a Tenant Parry Party caused such damage, in which case, Tenant shall continue to pay Rent without abatementabatement (except to the extent Landlord has obtained a policy of rental reimbursement insurance, and actually receives the proceeds thereof).
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Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)
Landlord's and Tenant's Rights. If a material portion of the Premises or the Building Complex is damaged by Casualty such that Tenant is prevented from conducting its business in the premises Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred and fifty (150) 210 days after the CasualtyCasualty (allowing for Landlord’s relocation of the Server Room and Lab at Landlord’s sole cost and utilizing available insurance proceeds pursuant to such repair within such 210 days), then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) 30 days after the Damage Notice has been delivered to Tenant. If Tenant acknowledges and agrees that if Tenant does not so timely terminate this Lease, then (subject to Section 17(c15.(c)) Landlord shall repair the Building or damage referred to in the PremisesDamage Notice, as the case may be, as provided below, and Rent for the portion of the Premises rendered unusable for Tenant's purposes untenantable by the damage or repair shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless a Tenant Parry Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.
Appears in 1 contract
Samples: Office Lease Agreement (Cray Inc)
Landlord's and Tenant's Rights. If If, prior to the final year of the original term or the final year of any renewal term which is then in effect, a material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the premises Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred and fifty (150) 120 days after the Casualtydate of the commencement of repairs, then the Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) 30 days after the Damage Notice has been delivered to Tenant. If Tenant does not so timely terminate this Lease, then (subject to Landlord's rights under Section 17(c)15c.) Landlord shall repair the Building or the Premises, as the case may be, as provided below, and Rent Basic Rental and Excess Operating Expense for the portion of the Premises rendered unusable for Tenant's purposes untenantable by the damage or repair shall be abated on a reasonable basis from the date of damage Casualty until the completion of the repairrepairs, unless a Tenant Parry caused such damage, in which case, Tenant shall continue to pay Rent rent without abatement.
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Landlord's and Tenant's Rights. If a ------------------------------ material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the premises Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred and fifty eighty (150180) days after the Casualtycommencement of repair, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Tenant does not so timely terminate this Lease, then (subject to Landlord's rights under Section 17(c)15c.) Landlord shall repair the Building or the Premises, as the case may be, as provided below, and Rent Basic Rental and Excess Operating Expense for the portion of the Premises rendered unusable for Tenant's purposes untenable by the damage or repair shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless a Tenant Parry caused such damage, in which case, Tenant shall continue to pay Rent without abatement.
Appears in 1 contract
Landlord's and Tenant's Rights. If a material portion of the Premises ------------------------------ or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the premises Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one two hundred and fifty ten (150210) days after the Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) 30 days after the Damage Notice has been delivered to Tenant. If Tenant does not so timely terminate this Lease, then (subject to Section 17(c15.(c)) Landlord shall repair the Building or the Premises, as the case may be, as provided below, and Rent for the portion of the Premises rendered unusable for Tenant's purposes untenantable by the damage or repair shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless a the gross negligence or willful misconduct of the Tenant Parry caused such damage, in which case, Tenant shall continue to pay Rent without abatement.
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Landlord's and Tenant's Rights. If a material 50% or greater portion of the Premises or a material portion of the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the premises Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred and fifty (150) 120 days after the Casualty or in the event Landlord commences repairs as hereinafter set forth and does not substantially complete same within 180 days from the Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) 30 days after the Damage Notice has been delivered to Tenant. If Tenant does not so timely terminate this Lease, then (subject to Section 17(cSections 14.(c) and (d)) Landlord shall repair the Building or the Premises, as the case may be, as provided below, and Rent for the portion of the Premises rendered unusable for Tenant's purposes untenantable by the damage or repair shall be abated on a reasonable basis from the date of damage until the completion earlier of (i) four (4) months from the date of the repair, unless shell of the Premises being completed by Landlord and electric brought to the Premises by Landlord; or (ii) the date a Certificate of Occupancy is issued with respect to the Premises after Landlord's and Tenant's repairs have been completed (or the repair is completed and Tenant Parry caused such damage, in which case, Tenant shall continue is permitted to pay Rent without abatementoccupy the Premises if no Certificate of Occupancy is required).
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Landlord's and Tenant's Rights. If a material portion of the Premises or the Building is damaged by Casualty such that (i) Tenant is prevented from conducting its business in the premises Premises in a manner reasonably comparable to that conducted immediately before such Casualty and either because, as a result of such Casualty, Tenant is prevented from conducting its computer operations on the second floor, or because, as a result of such Casualty, the public does not have access to the lobby area, or (ii) Landlord estimates that the damage caused thereby cannot be repaired within one hundred and fifty (150) 180 days after the Casualtycommencement of repair, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Tenant does not so timely terminate this Lease, then (subject to Landlord's rights under Section 17(c)14c.) Landlord shall repair the Building or the Premises, as the case may be, as provided below, and Rent Basic Rental for the portion of the Premises rendered unusable for Tenant's purposes untenantable by the damage or repair shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless a Tenant Parry caused such damage, in which case, Tenant shall continue to pay Rent without abatement.
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Samples: Office Lease Agreement (Summit Bancshares Inc /Tx/)